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Marketplace (August 31)

2023/ 08/ 31 by jd in Global News

“After more than half a century in which the United States boasted a near-lock on being the world’s leading exporter of corn, the distinction has shifted to Brazil…. The reordering of the corn hierarchy follows a similar erosion of U.S. dominance in exports of other staple commodities, like wheat and soybeans, over the last decade or so.”

 

Bloomberg (August 8)

2023/ 08/ 08 by jd in Global News

“China’s trade plunged in July as slowing global demand clouded the outlook for exports, while domestic pressures weighed on imports in a hit to the economic recovery.” Exports (dollar denominated) fell 14.5% while imports decreased 12.4%. Both figures “were worse than what economists polled by Bloomberg had expected.”

 

The Korea Economic Daily (June 15)

2023/ 06/ 16 by jd in Global News

“Everything Asian policymakers were sure they knew about 2023 is going sideways.” When the year opened, “conventional wisdom” expected “Chinese growth would help the region make up for lost economic time.” Now the worry “is about deflation risks as factory-gate prices go negative” with consumer prices in China “on the verge of contraction.” Its exports are “cratering,” but China’s falling imports are “the bigger problem for Korea, and Asia more broadly.” In May, China’s imports fell by 4.5%, “dampening hopes that post-pandemic ‘revenge spending’ by 1.4 billion Chinese would propel Asian growth sharply higher.”

 

Reuters (June 7)

2023/ 06/ 07 by jd in Global News

After beating expectations in Q1, “China’s exports shrank much faster than expected in May while imports extended declines with a grim outlook for global demand, especially from developed markets, raising doubts about the fragile economic recovery.”

 

Washington Post (March 21)

2023/ 03/ 23 by jd in Global News

“The aim of setting the cap on Russian crude at $60, roughly 20 percent below the main international benchmark price, was to whittle away at Russia’s cash hoard while still providing it with sufficient incentive to maintain exports and keep global oil markets stable. It is now time to lower the Western cap further, in increments, to $40 per barrel or less.”

 

Bloomberg (January 17)

2023/ 01/ 18 by jd in Global News

“Trade between the US and China is on track to break records, a signal of resilient links between the world’s top economies amid the heated national security rhetoric in Washington and fears of ‘decoupling.’” Data for the first 11 months of implies “imports and exports in 2022 will add up to an all-time high, or at least come very close, when the final report comes out Feb. 7.”

 

Reuters (November 11)

2022/ 11/ 12 by jd in Global News

“Signs of weakness are emerging” across the Chinese economy where “exports fell; inflation slowed; new bank lending tumbled…. Despite the authorities bucking the global trend… and deploying monetary and fiscal easing this year.” The “unexpectedly weak run of Chinese economic data” raises “the heat on policymakers to deliver more stimulus measures, but it also shows the limited effect more monetary easing and infrastructure spending can have.”

 

Reuters (October 3)

2022/ 10/ 03 by jd in Global News

“A revival of American high-tech manufacturing” will pose a threat to South Korea’s “trade-dependent” economy. “Thanks to strong demand for South Korean-made electric cars, batteries and auto parts, shipments to the United States jumped 16% year-on-year in September. Those exports, which totaled some $96 billion last year, now look under threat. Big shifts today will have outsized effects on South Korea’s trade position down the road.”

 

New York Times (December 29)

2021/ 12/ 30 by jd in Global News

UK companies got hit with “higher costs and endless forms” in the first post-Brexit year. “While the worst of the Brexit trade disruptions are over, British exports to the European Union are down and companies are frustrated.”

 

The Guardian (December 24)

2020/ 12/ 25 by jd in Global News

“The Brexit deal itself is nothing but thin gruel. It will make it much harder for Britain to sell services to EU countries, where we were once advantaged. Britons will lose their right to freely travel, work and settle in other European countries. While there will be no tariffs or restrictions on the quantity of goods that can be sold, British exports will for the first time in decades face checks on their origins and compliance with EU regulations.”

 

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